Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1887-10-15
TROUBLE AT UNION.
The Mines and Property of the
star Company Morrgaged-A 6ood
Property BADLY Managed A

star Company MOrtgaged-A Good
Property BADLY Managed
Change I'm the Management, etc
Yesterday there was q ruinor around
town that there was trouble brewing oil
Union, and upon inquiring our reporte,
found that certain mortgages had been
filed for record with our County Recorder
from the Star Mining & Smelling Com.
pany to j. Henderson for S4,850, Talbot &
harrington for s., 900, and J.. G. Streeter
$4,000. The mortgages are all of Elko
county. 1t is said that the payment of all
checks drawn by the company on their
banker at Elko has hsen stopped. We
learned further that E. M. Baum, of
Palisade, had received a check for 5000
from the company, payable at the bank OF
j. Henderson at Elko, the payment of
which had been refused; that MIR. Baum
had hurried to Eureka to sue out a writ Of
attachment, but learning that the mort
cages had been filed, did not take proceed
ings as he had intended. Other attach.
ments might have followed Mr.. Baum's,
but it was understood that nothing could
be realized by such procedure. We hear
that some of the miners and other en-
ployes of the company will file liens, and
that the others are willing to take their
chances on the business of the company be.
ing satisfactorily arranged.
This appears to be a financial trouble
similar to others that often occur inciden.
tai to the starting up of new mining enter
prises. Seine of our most reliable bust
,o,, .aa~ Lo,a ~ssAaJ Tr-s1~ - 49,
through the mines Of the Star Company,
and among them were men who have had
considerable mining experience, practi-
cally and otherwise. They returned home
with cheering accounts of what they saw
and were satisfied to trust their goods to
the people Of the new camp, relying on the
output of the mines and successful treat
ment of the ores. There can be no ques.
ton about the vast amounts of ore in sight
for everybody alike agrees that the quanti-
ties in the mines are enormous. 1t ap-
pears that the ores generally run very high
in the percentage of lead that they carry,
but doubtless more or less care is necessary
in mining the ores, for the best of all rea-
sons, that much of them are very low
in silver, and cannot be worked proftably
under the present prices obtainable for
that metal. We rely on a great deal of the
information we have obtained about the
Star Company's mines, and believe that
they have considerable ore that carries
from % to 40 ounces of silver to the ton,
and some that runs as high as 100 ounces
to the ton. All of these ores arc also
stated to carry from 80 to 40 per cent of
lead. These grades of ore will pay to
work if kept separate from the lower grades,
which can be used to great advantage at
certain times to mix with other ores. 1t
was at first believed that extra quartz was
needed for 1ux, but it is now known
that the ores from the Star Company's
miues are too highly s~ilicious end the
Auxes have unnecessarily reduced the values
of the ores and thereby increased the cost
of smelling. We learn further that the
general management has been ill advised,
and ex~travagant, and there have been a
larger number of men employed that were
needed for the work that was required.
Steps have already been taken to put the
business affairs of the company in better
shape, and to raisemoney to pay off the pre-.
sent indebtedness. Last Tuesday the COM
pany held a meeting at Elko, when Mr.. Pot.
ter resigned his office of Superintendent and
Fletcher Penfsld, cashier of the Second
National Bank Of Springfield, Ohio, was
appointed in his place and will be al
Union on the LIST of December to take the
general management of the company's
affairs, when it is hoped and believed thai
everything will run smoothly again.